Protective Packaging Market Scope and Size by 2031
The packaging denotes to all those activities associated with producing, designing, and evaluating the container for a product. Protective packaging products are designed and made to protect the goods from electrostatic, vibration, atmospheric, magnetic, or shock damage. Protective packaging intended to protect the product from one or more types of damage. Products of protective packaging are of various types such as boxes, storage containers, packing materials, liners, and spacers. Protective packaging is used in multiple applications such as food, pharmaceutical, electronics, and various other end use industries
MARKET DYNAMICS
Growing demand for conveniently packaged products across the globe is driving the need for the protective packaging market. Furthermore, increasing online sales worldwide is also projected to influence significantly the protective packaging market in the upcoming period. Moreover, increasing demand from the food and beverage industry for packaging purpose is anticipated to have a robust impact in the protective packaging market. Rising use of flexible protective packaging in the healthcare industry is expected to generate untapped opportunity for the market participants.
MARKET SCOPE
The "Global Protective Packaging Market Analysis to 2031" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of protective packaging market with detailed market segmentation by material, type, function, application and geography. The global protective packaging market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading protective packaging market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global protective packaging market is segmented on the basis of material, type, function and application. Based on material, the market is segmented into foam plastics, paper & paperboard, plastics and others. On the basis of the type the market is segmented into rigid protective packaging, flexible protective packaging and foam protective packaging. On the basis of the function the market is segmented into cushioning, blocking & bracing, void fill, insulation and wrapping. On the basis of the application the market is segmented into food & beverage, industrial goods, health care, automotive, consumer electronics, household appliances and others.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global protective packaging market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The protective packaging market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting protective packaging market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the protective packaging market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global protective packaging market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The protective packaging market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting protective packaging market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the protective packaging market in these regions.
MARKET PLAYERSThe reports cover key developments in the protective packaging market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from protective packaging market are anticipated to lucrative growth opportunities in the future with the rising demand for protective packaging in the global market. Below mentioned is the list of few companies engaged in the protective packaging market.
The report also includes the profiles of key protective packaging companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- DS Smith plc
- Huhtamaki Oyj
- Pregis Holding II CORP
- Pro-Pac Packaging Group Pty Ltd
- Ranpak Inc.
- Sealed Air Corporation
- Sonoco Products Company
- STOROPACK HANS REICHENECKER GMBH
- The Smurfit Kappa Group plc
- WestRock Company
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Protective Packaging Market - By Material
1.3.2 Protective Packaging Market - By Type
1.3.3 Protective Packaging Market - By Function
1.3.4 Protective Packaging Market - By Application
1.3.5 Protective Packaging Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PROTECTIVE PACKAGING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. PROTECTIVE PACKAGING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. PROTECTIVE PACKAGING MARKET - GLOBAL MARKET ANALYSIS
6.1. PROTECTIVE PACKAGING - GLOBAL MARKET OVERVIEW
6.2. PROTECTIVE PACKAGING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PROTECTIVE PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. FOAM PLASTICS
7.3.1. Overview
7.3.2. Foam Plastics Market Forecast and Analysis
7.4. PAPER AND PAPERBOARD
7.4.1. Overview
7.4.2. Paper and Paperboard Market Forecast and Analysis
7.5. PLASTICS
7.5.1. Overview
7.5.2. Plastics Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. PROTECTIVE PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. RIGID PROTECTIVE PACKAGING
8.3.1. Overview
8.3.2. Rigid Protective Packaging Market Forecast and Analysis
8.4. FLEXIBLE PROTECTIVE PACKAGING
8.4.1. Overview
8.4.2. Flexible Protective Packaging Market Forecast and Analysis
8.5. FOAM PROTECTIVE PACKAGING
8.5.1. Overview
8.5.2. Foam Protective Packaging Market Forecast and Analysis
9. PROTECTIVE PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION
9.1. OVERVIEW
9.2. FUNCTION MARKET FORECASTS AND ANALYSIS
9.3. CUSHIONING
9.3.1. Overview
9.3.2. Cushioning Market Forecast and Analysis
9.4. BLOCKING AND BRACING
9.4.1. Overview
9.4.2. Blocking and Bracing Market Forecast and Analysis
9.5. VOID FILL
9.5.1. Overview
9.5.2. Void Fill Market Forecast and Analysis
9.6. INSULATION
9.6.1. Overview
9.6.2. Insulation Market Forecast and Analysis
9.7. WRAPPING
9.7.1. Overview
9.7.2. Wrapping Market Forecast and Analysis
10. PROTECTIVE PACKAGING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. FOOD AND BEVERAGE
10.3.1. Overview
10.3.2. Food and Beverage Market Forecast and Analysis
10.4. INDUSTRIAL GOODS
10.4.1. Overview
10.4.2. Industrial Goods Market Forecast and Analysis
10.5. HEALTH CARE
10.5.1. Overview
10.5.2. Health Care Market Forecast and Analysis
10.6. AUTOMOTIVE
10.6.1. Overview
10.6.2. Automotive Market Forecast and Analysis
10.7. CONSUMER ELECTRONICS
10.7.1. Overview
10.7.2. Consumer Electronics Market Forecast and Analysis
10.8. HOUSEHOLD APPLIANCES
10.8.1. Overview
10.8.2. Household Appliances Market Forecast and Analysis
10.9. OTHERS
10.9.1. Overview
10.9.2. Others Market Forecast and Analysis
11. PROTECTIVE PACKAGING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Protective Packaging Market Overview
11.1.2 North America Protective Packaging Market Forecasts and Analysis
11.1.3 North America Protective Packaging Market Forecasts and Analysis - By Material
11.1.4 North America Protective Packaging Market Forecasts and Analysis - By Type
11.1.5 North America Protective Packaging Market Forecasts and Analysis - By Function
11.1.6 North America Protective Packaging Market Forecasts and Analysis - By Application
11.1.7 North America Protective Packaging Market Forecasts and Analysis - By Countries
11.1.7.1 United States Protective Packaging Market
11.1.7.1.1 United States Protective Packaging Market by Material
11.1.7.1.2 United States Protective Packaging Market by Type
11.1.7.1.3 United States Protective Packaging Market by Function
11.1.7.1.4 United States Protective Packaging Market by Application
11.1.7.2 Canada Protective Packaging Market
11.1.7.2.1 Canada Protective Packaging Market by Material
11.1.7.2.2 Canada Protective Packaging Market by Type
11.1.7.2.3 Canada Protective Packaging Market by Function
11.1.7.2.4 Canada Protective Packaging Market by Application
11.1.7.3 Mexico Protective Packaging Market
11.1.7.3.1 Mexico Protective Packaging Market by Material
11.1.7.3.2 Mexico Protective Packaging Market by Type
11.1.7.3.3 Mexico Protective Packaging Market by Function
11.1.7.3.4 Mexico Protective Packaging Market by Application
11.2. EUROPE
11.2.1 Europe Protective Packaging Market Overview
11.2.2 Europe Protective Packaging Market Forecasts and Analysis
11.2.3 Europe Protective Packaging Market Forecasts and Analysis - By Material
11.2.4 Europe Protective Packaging Market Forecasts and Analysis - By Type
11.2.5 Europe Protective Packaging Market Forecasts and Analysis - By Function
11.2.6 Europe Protective Packaging Market Forecasts and Analysis - By Application
11.2.7 Europe Protective Packaging Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Protective Packaging Market
11.2.7.1.1 Germany Protective Packaging Market by Material
11.2.7.1.2 Germany Protective Packaging Market by Type
11.2.7.1.3 Germany Protective Packaging Market by Function
11.2.7.1.4 Germany Protective Packaging Market by Application
11.2.7.2 France Protective Packaging Market
11.2.7.2.1 France Protective Packaging Market by Material
11.2.7.2.2 France Protective Packaging Market by Type
11.2.7.2.3 France Protective Packaging Market by Function
11.2.7.2.4 France Protective Packaging Market by Application
11.2.7.3 Italy Protective Packaging Market
11.2.7.3.1 Italy Protective Packaging Market by Material
11.2.7.3.2 Italy Protective Packaging Market by Type
11.2.7.3.3 Italy Protective Packaging Market by Function
11.2.7.3.4 Italy Protective Packaging Market by Application
11.2.7.4 United Kingdom Protective Packaging Market
11.2.7.4.1 United Kingdom Protective Packaging Market by Material
11.2.7.4.2 United Kingdom Protective Packaging Market by Type
11.2.7.4.3 United Kingdom Protective Packaging Market by Function
11.2.7.4.4 United Kingdom Protective Packaging Market by Application
11.2.7.5 Russia Protective Packaging Market
11.2.7.5.1 Russia Protective Packaging Market by Material
11.2.7.5.2 Russia Protective Packaging Market by Type
11.2.7.5.3 Russia Protective Packaging Market by Function
11.2.7.5.4 Russia Protective Packaging Market by Application
11.2.7.6 Rest of Europe Protective Packaging Market
11.2.7.6.1 Rest of Europe Protective Packaging Market by Material
11.2.7.6.2 Rest of Europe Protective Packaging Market by Type
11.2.7.6.3 Rest of Europe Protective Packaging Market by Function
11.2.7.6.4 Rest of Europe Protective Packaging Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Protective Packaging Market Overview
11.3.2 Asia-Pacific Protective Packaging Market Forecasts and Analysis
11.3.3 Asia-Pacific Protective Packaging Market Forecasts and Analysis - By Material
11.3.4 Asia-Pacific Protective Packaging Market Forecasts and Analysis - By Type
11.3.5 Asia-Pacific Protective Packaging Market Forecasts and Analysis - By Function
11.3.6 Asia-Pacific Protective Packaging Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Protective Packaging Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Protective Packaging Market
11.3.7.1.1 Australia Protective Packaging Market by Material
11.3.7.1.2 Australia Protective Packaging Market by Type
11.3.7.1.3 Australia Protective Packaging Market by Function
11.3.7.1.4 Australia Protective Packaging Market by Application
11.3.7.2 China Protective Packaging Market
11.3.7.2.1 China Protective Packaging Market by Material
11.3.7.2.2 China Protective Packaging Market by Type
11.3.7.2.3 China Protective Packaging Market by Function
11.3.7.2.4 China Protective Packaging Market by Application
11.3.7.3 India Protective Packaging Market
11.3.7.3.1 India Protective Packaging Market by Material
11.3.7.3.2 India Protective Packaging Market by Type
11.3.7.3.3 India Protective Packaging Market by Function
11.3.7.3.4 India Protective Packaging Market by Application
11.3.7.4 Japan Protective Packaging Market
11.3.7.4.1 Japan Protective Packaging Market by Material
11.3.7.4.2 Japan Protective Packaging Market by Type
11.3.7.4.3 Japan Protective Packaging Market by Function
11.3.7.4.4 Japan Protective Packaging Market by Application
11.3.7.5 South Korea Protective Packaging Market
11.3.7.5.1 South Korea Protective Packaging Market by Material
11.3.7.5.2 South Korea Protective Packaging Market by Type
11.3.7.5.3 South Korea Protective Packaging Market by Function
11.3.7.5.4 South Korea Protective Packaging Market by Application
11.3.7.6 Rest of Asia-Pacific Protective Packaging Market
11.3.7.6.1 Rest of Asia-Pacific Protective Packaging Market by Material
11.3.7.6.2 Rest of Asia-Pacific Protective Packaging Market by Type
11.3.7.6.3 Rest of Asia-Pacific Protective Packaging Market by Function
11.3.7.6.4 Rest of Asia-Pacific Protective Packaging Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Protective Packaging Market Overview
11.4.2 Middle East and Africa Protective Packaging Market Forecasts and Analysis
11.4.3 Middle East and Africa Protective Packaging Market Forecasts and Analysis - By Material
11.4.4 Middle East and Africa Protective Packaging Market Forecasts and Analysis - By Type
11.4.5 Middle East and Africa Protective Packaging Market Forecasts and Analysis - By Function
11.4.6 Middle East and Africa Protective Packaging Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Protective Packaging Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Protective Packaging Market
11.4.7.1.1 South Africa Protective Packaging Market by Material
11.4.7.1.2 South Africa Protective Packaging Market by Type
11.4.7.1.3 South Africa Protective Packaging Market by Function
11.4.7.1.4 South Africa Protective Packaging Market by Application
11.4.7.2 Saudi Arabia Protective Packaging Market
11.4.7.2.1 Saudi Arabia Protective Packaging Market by Material
11.4.7.2.2 Saudi Arabia Protective Packaging Market by Type
11.4.7.2.3 Saudi Arabia Protective Packaging Market by Function
11.4.7.2.4 Saudi Arabia Protective Packaging Market by Application
11.4.7.3 U.A.E Protective Packaging Market
11.4.7.3.1 U.A.E Protective Packaging Market by Material
11.4.7.3.2 U.A.E Protective Packaging Market by Type
11.4.7.3.3 U.A.E Protective Packaging Market by Function
11.4.7.3.4 U.A.E Protective Packaging Market by Application
11.4.7.4 Rest of Middle East and Africa Protective Packaging Market
11.4.7.4.1 Rest of Middle East and Africa Protective Packaging Market by Material
11.4.7.4.2 Rest of Middle East and Africa Protective Packaging Market by Type
11.4.7.4.3 Rest of Middle East and Africa Protective Packaging Market by Function
11.4.7.4.4 Rest of Middle East and Africa Protective Packaging Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Protective Packaging Market Overview
11.5.2 South and Central America Protective Packaging Market Forecasts and Analysis
11.5.3 South and Central America Protective Packaging Market Forecasts and Analysis - By Material
11.5.4 South and Central America Protective Packaging Market Forecasts and Analysis - By Type
11.5.5 South and Central America Protective Packaging Market Forecasts and Analysis - By Function
11.5.6 South and Central America Protective Packaging Market Forecasts and Analysis - By Application
11.5.7 South and Central America Protective Packaging Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Protective Packaging Market
11.5.7.1.1 Brazil Protective Packaging Market by Material
11.5.7.1.2 Brazil Protective Packaging Market by Type
11.5.7.1.3 Brazil Protective Packaging Market by Function
11.5.7.1.4 Brazil Protective Packaging Market by Application
11.5.7.2 Argentina Protective Packaging Market
11.5.7.2.1 Argentina Protective Packaging Market by Material
11.5.7.2.2 Argentina Protective Packaging Market by Type
11.5.7.2.3 Argentina Protective Packaging Market by Function
11.5.7.2.4 Argentina Protective Packaging Market by Application
11.5.7.3 Rest of South and Central America Protective Packaging Market
11.5.7.3.1 Rest of South and Central America Protective Packaging Market by Material
11.5.7.3.2 Rest of South and Central America Protective Packaging Market by Type
11.5.7.3.3 Rest of South and Central America Protective Packaging Market by Function
11.5.7.3.4 Rest of South and Central America Protective Packaging Market by Application
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. PROTECTIVE PACKAGING MARKET, KEY COMPANY PROFILES
13.1. DS SMITH PLC
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. HUHTAMäKI OYJ
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. PREGIS HOLDING II CORP
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. PRO-PAC PACKAGING GROUP PTY LTD
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. RANPAK INC.
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. SEALED AIR CORPORATION
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. SONOCO PRODUCTS COMPANY
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. STOROPACK HANS REICHENECKER GMBH
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. THE SMURFIT KAPPA GROUP PLC
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. WESTROCK COMPANY
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1.DS Smith plc
2.Huhtamaki Oyj
3.Pregis Holding II CORP
4.Pro-Pac Packaging Group Pty Ltd
5.Ranpak Inc.
6.Sealed Air Corporation
7.Sonoco Products Company
8.STOROPACK HANS REICHENECKER GMBH
9.The Smurfit Kappa Group plc
10.WestRock Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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